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Marling Ivette

Update on Marling Ivette

Marling Ivette, 32, sells cosmetics. She started the business needing to provide her son with an education and to forge a better future for themselves. She needs this loan to buy lipsticks, face cream, nail polish, eyeliner and mascara among other cosmetics that will serve to stock her business and have good profits that she’ll use to get ahead with her family.
View original language description ↓
Marling Ivette tiene 32 años, se dedica a la venta de cosméticos. Empezó este negocio por la necesidad de sacar adelante a su hijo en sus estudios y forjarles un mejor futuro. Ella necesita este préstamo para la compra de lápiz labial, crema para el cutis, pintura de uñas, lápiz de ojos, delineadores entre otros cosméticos que le servirán para surtir su negocio y poder obtener buenas ganancias la cual utilizara para salir adelante con su familia.

Previous Loan Details

Sra. Marling Ivette is 31 years old and the mother of a seven year old child in her care. She has been selling cosmetics for two years and started her business with very little operating capital. At the time, she was looking for an alternative source of income. After she started selling a few… More from Marling Ivette's previous loan »

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $3,636
    Average annual income
  • 164
    View loans »
    Nicaragua Loans Fundraising
  • $23,187,275
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Marling Ivette to buy cosmetics.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012